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Major European indices trade in mixed fashion. European Central Bank policymaker Wunsch said that more rate hikes may be needed since real rates are still low while policymaker de Cos said that while there is more tightening to do, the ECB is getting close to the end of the hiking cycle.
Bank of Japan Governor Ueda said that the Japan has not yet reached sustainable 2.0% inflation.
Treasury yields have been climbing off overnight lows. The 2-yr note yield, at 4.49% earlier, is down three basis points to 4.53%. The 10-yr note yield, at 3.72% earlier, is down six basis points to 3.74%.
The Federal Reserve’s next move is overhanging global financial markets, June FOMC is still ‘live’. Ahead of that we sees The BoC, RBA, RBI, CBR and B
[See the full post at: Central Bank Watch – RBA, BOC, RBI with a Live FOMC Ahead]
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